Coach, Inc. $1 Billion Senior Notes Offering
Davis Polk advised the representatives of the underwriters in connection with an SEC-registered offering by Coach, Inc. of $400 million aggregate principal amount of its 3.000% senior notes due 2022 and $600 million aggregate principal amount of its 4.125% senior notes due 2027. Coach intends to use the net proceeds from the offering to partially finance its acquisition of Kate Spade & Company.
Coach is a New York design house of modern luxury accessories and lifestyle brands that was established in New York City in 1941.
The Davis Polk corporate team included partners Richard A. Drucker and Sophia Hudson and associate Julia Danforth. Partner Po Sit and associate Gil Savir provided tax advice. The intellectual property and technology team included partner Pritesh P. Shah and associate Samantha Lefland. All members of the Davis Polk team are based in the New York office.